Mallya

The company has named Prakash Mallya -- currently Director for Intel's Datacenter Group in Asia -- to succeed Ghosh.

India & UK discuss pending deportation, extradition cases

According to officials, Joint Secretary in-charge of the UK in the External Affairs Ministry held the consular dialogue with his British counterpart, assisted by officials including those from crown prosecution.

Manmohan says 'did nothing wrong' in response to Mallya mails

Releasing a report on the state of the economy in the presence of former finance minister P Chidambaram, Manmohan said, “I did nothing wrong against the law of the land.”

What govt is doing to avoid another Vijay Mallya-like case

MM Kumar, President of the National Company Law Tribunal, said the stringent law will put people involved in default to task.

Indigo, GoAir made parties in Mallya case

The objections were filed after Airbus failed to repay Rs 196 crore, availed by the aircraft-making company on behalf of Mallya-controlled Kingfisher Airlines Limited.

Non-bailable warrant issued against Vijay Mallya

Metropolitan Magistrate Sumeet Anand passed the order for bringing Mallya in court on November 4, with the direction that the non-bailable warrant be sent to him by Ministry of External Affairs as he is reportedly in London.

Court directs Vijay Mallya to appear, cancels exemption

The exemption from personal appearance to Mallya was granted in December 2000 in a complaint filed by Enforcement Department (ED) for evading the summons issued to him by it.

SBI seeks DRT certificate to recover debts from Mallya

Making submissions on Kingfisher Finvest India versus the bank case, Nagananda submitted the defendants - Mallya and Kingfisher Airlines Limited - have not filed any denial against allegations of fraud made against them, which makes the bank's case strong to recover debts from Mallya and his companies.

PMLA court declares Mallya a 'Proclaimed Offender'

The whole procedure of getting Mallya extradited from the UK, if at all, will take at least 3-4 months says Corporate Lawyer HP Ranina.

L'affaire Mallya: More banks get ED call for financial details

Expanding its money laundering probe into L'affaire Mallya, the Enforcement Directorate has asked around half a dozen lenders of Kingfisher Airlines to furnish details of the financial transactions conducted by the long-grounded air carrier and its top executives.

Vijay Mallya cannot be deported; extradition after charge sheet

Government had cancelled Mallya's passport weeks after he flew first-class to London on March 2. Public sector banks had also knocked on the doors of the Supreme Court to recover the loans.

Investigative agencies have ability to find money trail: Sinha

"These are investigations that our agencies are undertaking and they are very capable," Sinha said in response to a question on how confident the government is in proving the money trail to Sonia Gandhi or if it is just a political aggression.

SC asks Vijay Mallya to disclose all individual, family assets

CNBC-TV18's Ashmit Kumar reports the apex court has not bought into any of the arguments put forth by Mallya about drawing a distinction between overseas and the domestic assets.

Here's how Vijay Mallya can be deported

"Communication, of course, will have to be made from India to the British government. for the Indian government agencies cannot act in Britain directly," says Sanjay Suri, reporter at CNBC-TV18.

Four NBWs issued against Mallya in GMR cheque case

The 11th Special Magistrate at Erramanjil Courts complex yesterday issued the NBWs against the grounded Kingfisher Airline Chairman and another senior official of the company after they did not appear before the court.

DRT to give verdict on Mallya‘s Rs 500 cr Diageo deal on Mar 7

However, State Bank of India‘s (SBI's) petition to arrest Mallya and impound his passport will take place at a later date. SBI had moved the Karnataka High Court seeking his arrest and seizure of his passport.

USL Breaks Away From Mallya…

USL Breaks Away From Mallya…

Will Mallya Chair USL AGM?

Will Mallya Chair USL AGM?

JSW Group in advanced talks with Diageo Plc to acquire RCB

The RCB franchise, which is now eight IPL seasons old, is a wholly owned subsidiary of United Spirits Limited (USL), in which Diageo has a majority stake.

USL shareholders want a fair deal: Experts

United Spirits was under pressure after minority shareholders rejected 9 proposals, which are related party transactions resolutions at its Extraordinary General Meeting. However, sources tell CNBC-TV18 that the company is hopeful of re-approaching shareholders on the matter.

USL Q4: Shady deals cause for Rs 979 cr bad loan provision?

In all, the company has made provisions of Rs 4321 crore, much of it towards diminution in value of investment and impairment loss on goodwill

Unpaid KFA employees approach move Labour Commissioner

Regional Labour Commissioner has been approached by agitated employees of defunct KFA in an attempt to recover payment of salary dues.

Did You Know: McDowell Holding has over Rs 800 cr investment value

McDowell Holding has a market capitalisation less than Rs 50 crore but its value of investments is nearly Rs 800 crore, reports CNBC-TV18‘s Varinder Bansal.

Lenders speed up loan recovery process in Kingfisher's case

After SBI Cap Trust, a subsidiary of State Bank of India issued a public notice on behalf of all KFA lenders that it has taken possession of Kingfisher Villa in lieu of unpaid dues.

Will sell MCF stake if Mallya keeps mum on JV plan: Zuari

Speaking to CNBC-TV18, Poddar, who holds over 16 percent in MCF, said that he consulted Mallya before buying the stake. Mallya, had then agreed with Poddar that he would enter into a joint venture with Zuari.